Navigation Links
Craneware Reports Six Monthly Financial Results

ATLANTA, Feb. 22 /PRNewswire/ -- Craneware plc (AIM: CRW.L), the leader in automated revenue integrity solutions for the U.S. healthcare market, is pleased to announce its financial results for the first half of fiscal year 2010. The company reports its financials on a six-month basis.  

Financial Highlights for the six months ending 12/31/09 include: (all figures in US dollars)

  • Total of $25.0m of contracts signed in the half (H109: $21.8m)
    • 25% increase in revenues to $13.3m (H109: $10.6m)
    • Future revenues under contract increasing to $71.8m (FY09: $60.1m).
  • EBITDA(1) increased 36% to $3.4m (H109: $2.5m).
  • EBITDA(1) margin increased to 26% (H109: 24%).
  • Profit before taxation increased by 28% to $3.3m (H109: $2.6m).
  • Basic EPS increased by 18% to $0.092 (H109: $0.078).
  • Interim dividend of 4.7 pence / 7.2 cents per share with total dividend for FY10 expected to be in line with stated progressive dividend policy. (FY09 Interim dividend 1.8 pence / 2.7 cents; FY09 total dividend 4.7 pence / 7.2 cents).

(1.)  EBITDA refers to earnings before interest, tax, depreciation, amortization and share based payments

Operational Highlights First Half of FY2010

  • Launched the Company's fifth product, Supplies ChargeLink™, and secured first sales
  • Increased product attachment rate to 1.5 (compared to 1.4 in FY09)
  • Signed reseller agreement with McKesson and secured first sales
  • Signed a multi-year contract with North Shore-LIJ Health System, the largest integrated healthcare system in New York State.

"Due to current legislative and fiscal pressures on healthcare providers, our customers are focusing on revenue integrity, a niche in the U.S. IT healthcare market, of which we are at the forefront," said Keith Neilson, CEO of Craneware. "These market dynamics combined with Craneware's focus on quality software and customer support have led to another record half of sales. With our sixth product due to launch this calendar year and our ongoing focus on sales execution, we are confident in our ability to achieve significant revenue and earnings growth."

A full copy of the Company's Half-Yearly Results can be found on Craneware's Web site at In the Investors area of the Web site, click on Announcements.

About Craneware

Craneware (AIM: CRW.L) is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. This optimizes reimbursement, increases operational efficiency and minimizes compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit

SOURCE Craneware, Inc.

Back to top



SOURCE Craneware, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Cranewares Chargemaster Toolkit(R) Earns #1 KLAS Rank for Fourth Consecutive Year
2. Craneware Announces Fiscal Year-End Results
3. Craneware to Highlight Best Practices for Optimizing Revenue Capture Processes in Two Seminar Presentations during HFMAs 2009 ANI: The Healthcare Finance Conference
4. Craneware Supports Hospitals Compliance and Upfront Collections with Accurate Estimates
5. Craneware Appoints New Non-Executive Director
6. Craneware to Offer Financial Performance Solutions to Hospitals and Healthcare Providers Through Premier, the Largest U.S. Healthcare Alliance
7. Craneware and St. Joseph to Present Revenue Enhancement Success Story at HIMSS
8. Craneware Announces Half-Year Results
9. Remove Diabetes Drug Avandia From Market: FDA Reports
10. GSI Group Reports Preliminary Fourth Quarter 2009 Bookings, and Cash Balance
11. NIH Stem Cell Guidelines Should Be Modified, UCSF Team Reports
Post Your Comments:
(Date:11/25/2015)... MN (PRWEB) , ... November 25, 2015 , ... ... launched offering factory direct sauna parts and accessories. , Sauna accessories help ... of the bather’s style and personality. From basic styles for the purist looking ...
(Date:11/25/2015)... ... November 25, 2015 , ... According to an ... is being more and more widely heralded as a breakthrough for performing hernia repairs. ... has over traditional laparoscopic surgery is that it can greatly reduce the pain that ...
(Date:11/25/2015)... ... November 25, 2015 , ... The McHenry County law ... successful appellate decision obtained by Attorneys Francisco J. Botto and Alex C. Wimmer. Attorneys ... Workers’ Compensation Comm’n, 2015 IL App (2d) 130884WC. , According to court documents, Adcock ...
(Date:11/25/2015)... ... November 25, 2015 , ... Brillianteen, McGaw YMCA’s student-produced musical ... its 65th Anniversary Brillianteen Revue, scheduled for March 4-6, 2016. Auditions for this ... Brillianteen has been a treasured tradition for numerous families in the Evanston community. ...
(Date:11/25/2015)... Spring, Md (PRWEB) , ... November 25, 2015 ... ... Pulmonary Hypertension Association (PHA) announces the nation’s Periwinkle Pioneers, individuals and groups responsible ... history of this disease. The Periwinkle Pioneers, nominated by the public, will receive ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)...  Array BioPharma Inc. (Nasdaq: ARRY ) ... Ron Squarer , will present at the Piper ... public is welcome to participate in the conference ... Jaffray Annual Healthcare ConferencePresenter:  , Ron Squarer, Chief ... Eastern Time Webcast: , ...
(Date:11/24/2015)... , 24. November 2015 ... Breathing Pacemaker Systems, ist erfreut, die Berufung ... Consultant bekannt geben zu können. ...   --> Foto - ... (Schweden). Von 1984-1986 war er Fellow ...
(Date:11/24/2015)... COMMACK, N.Y. , Nov. 24, 2015 ... Pacemaker System, is pleased to announce the appointment of ... ... and pediatric cardiology at Children,s Hospital, Uppsala University, Uppsala ... . From 1984-1986, he was a fellow at the ...
Breaking Medicine Technology: